Paradigm Asset Management Co. LLC Acquires 18,600 Shares of Exelon Corporation $EXC

Paradigm Asset Management Co. LLC boosted its holdings in shares of Exelon Corporation (NASDAQ:EXC) by 1,425.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,905 shares of the company’s stock after acquiring an additional 18,600 shares during the quarter. Paradigm Asset Management Co. LLC’s holdings in Exelon were worth $864,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of EXC. OneDigital Investment Advisors LLC increased its holdings in Exelon by 21.4% in the first quarter. OneDigital Investment Advisors LLC now owns 8,091 shares of the company’s stock valued at $373,000 after purchasing an additional 1,425 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Exelon by 22.0% in the first quarter. Envestnet Asset Management Inc. now owns 450,524 shares of the company’s stock valued at $20,760,000 after buying an additional 81,309 shares during the period. Brown Advisory Inc. raised its position in shares of Exelon by 1.5% during the first quarter. Brown Advisory Inc. now owns 51,625 shares of the company’s stock worth $2,379,000 after acquiring an additional 745 shares during the last quarter. Axxcess Wealth Management LLC lifted its stake in shares of Exelon by 3.6% in the first quarter. Axxcess Wealth Management LLC now owns 10,802 shares of the company’s stock worth $498,000 after acquiring an additional 371 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Exelon by 1.7% in the first quarter. Allworth Financial LP now owns 23,219 shares of the company’s stock worth $1,076,000 after acquiring an additional 385 shares during the period. Institutional investors own 80.92% of the company’s stock.

Exelon Stock Up 1.1%

EXC stock opened at $46.21 on Friday. The stock’s 50 day simple moving average is $45.41 and its 200 day simple moving average is $44.52. The company has a market cap of $46.67 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 2.93 and a beta of 0.44. The company has a debt-to-equity ratio of 1.66, a quick ratio of 0.85 and a current ratio of 0.95. Exelon Corporation has a fifty-two week low of $35.94 and a fifty-two week high of $48.51.

Exelon (NASDAQ:EXC) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.69 by $0.17. Exelon had a return on equity of 9.85% and a net margin of 11.16%.The firm had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.40 billion. Exelon has set its FY 2025 guidance at 2.640-2.740 EPS. On average, research analysts expect that Exelon Corporation will post 2.64 earnings per share for the current fiscal year.

Exelon Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th. Exelon’s dividend payout ratio (DPR) is 57.35%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wells Fargo & Company raised shares of Exelon to a “strong-buy” rating in a research report on Tuesday, October 28th. BTIG Research initiated coverage on shares of Exelon in a report on Tuesday, October 21st. They issued a “neutral” rating on the stock. Barclays upped their price target on shares of Exelon from $48.00 to $52.00 and gave the company an “overweight” rating in a research report on Tuesday, October 14th. Morgan Stanley lifted their price objective on Exelon from $49.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Finally, UBS Group upped their target price on Exelon from $48.00 to $50.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $50.55.

Exelon Company Profile

Exelon Corporation, a utility services holding company, engages in the energy distribution and transmission businesses in the United States and Canada. The company is involved in the purchase and regulated retail sale of electricity and natural gas, transmission and distribution of electricity, and distribution of natural gas to retail customers.